Affilips: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
Affilips
NACE 24.540, Manufacture of basic metals
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€12.8m
2023 · €14.3m-€1.5m
Equity
€53.7m
2023 · €50.9m+€2.8m
Cash
€10.5m
2023 · €359,787+€10.1m
Balance sheet total
€73.7m
2023 · €72.1m+€1.6m
Largest movements
Assets
- Cash +€10.1m
up €10.1m (+2816.5%), from €359,787 to €10.5m
mainly Net result for the year (+€12.8m) and Receivables within one year (+€4.9m)
- Receivables within one year -€4.9m
down €4.9m (-19.2%), from €25.6m to €20.7m
of which Trade receivables: -€5.2m
- Stocks and contracts -€3.9m
down €3.9m (-11.1%), from €35.5m to €31.6m
Equity and liabilities
- Reserves +€2.8m
up €2.8m (+5.6%), from €49.6m to €52.3m
of which Distributable reserves: +€2.8m
Income statement
- Turnover -€29.6m
down €29.6m (-14.0%), from €211.6m to €182.0m
- Goods and materials -€17.9m
down €17.9m (-11.4%), from €156.6m to €138.7m
of which Purchases: -€15.1m
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2023
€14.3m
Turnover
-€29.6m
Other operating income
+€76,295
Goods and materials
+€17.9m
Services and other goods
+€2.1m
Staff costs
+€190,159
Depreciation
-€40,365
Provisions
-€202,126
Other operating charges
+€15,973
Other operating items
+€6.9m
Financial income
-€186,823
Financial charges
+€842,351
Taxes
+€406,513
Deferred taxes and other
+€23,111
Result 2024
€12.8m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€22.3m
Investment
-€1.7m
Financing
-€10.5m
Cash 2023
€359,787
From operations (derived)
+€22.3m
Net result for the year
+€12.8m
Depreciation
+€1.3m
Stocks and contracts
+€3.9m
Receivables within one year
+€4.9m
Deferred charges and accrued income
+€37,251
Provisions
+€79,527
Trade debts
-€100,880
Tax, wage and social debts
-€482,892
Accrued charges and deferred income
-€144,390
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
-€10.5m
Short-term financial debts
-€470,311
Contributions, distributions and other
-€10.0m
Cash 2024
€10.5m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,054,322 | €73,701,505 | +€1.6m | +2.3% |
| Fixed assets | 21/28 | €9,774,491 | €10,162,669 | +€388,179 | +4.0% |
| Tangible fixed assets | 22/27 | €9,712,096 | €10,096,578 | +€384,482 | +4.0% |
| Land and buildings | 22 | €5,687,455 | €5,577,603 | -€109,852 | -1.9% |
| Plant, machinery and equipment | 23 | €2,964,079 | €3,188,439 | +€224,360 | +7.6% |
| Furniture and vehicles | 24 | €588,294 | €573,098 | -€15,196 | -2.6% |
| Other tangible fixed assets | 26 | €286,995 | €269,151 | -€17,844 | -6.2% |
| Assets under construction and advance payments | 27 | €185,273 | €488,287 | +€303,015 | +163.6% |
| Financial fixed assets | 28 | €62,395 | €66,091 | +€3,696 | +5.9% |
| Other financial fixed assets | 284/8 | €62,395 | €66,091 | +€3,696 | +5.9% |
| Shares | 284 | €62,395 | €62,395 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | - | €3,696 | +€3,696 | |
| Current assets | 29/58 | €62,279,831 | €63,538,835 | +€1.3m | +2.0% |
| Stocks and contracts in progress | 3 | €35,499,302 | €31,569,183 | -€3.9m | -11.1% |
| Stocks | 30/36 | €35,499,302 | €31,569,183 | -€3.9m | -11.1% |
| Raw materials and consumables | 30/31 | €10,562,839 | €9,854,567 | -€708,272 | -6.7% |
| Finished goods | 33 | €23,685,750 | €21,318,209 | -€2.4m | -10.0% |
| Goods purchased for resale | 34 | €5,946 | €12,869 | +€6,923 | +116.4% |
| Advance payments | 36 | €1,244,767 | €383,538 | -€861,229 | -69.2% |
| Amounts receivable within one year | 40/41 | €25,590,915 | €20,683,831 | -€4.9m | -19.2% |
| Trade receivables | 40 | €25,033,936 | €19,825,538 | -€5.2m | -20.8% |
| Other amounts receivable | 41 | €556,979 | €858,293 | +€301,315 | +54.1% |
| Cash at bank and in hand | 54/58 | €359,787 | €10,493,244 | +€10.1m | +2816.5% |
| Deferred charges and accrued income | 490/1 | €829,828 | €792,577 | -€37,251 | -4.5% |
| Total equity and liabilities | 10/49 | €72,054,322 | €73,701,505 | +€1.6m | +2.3% |
| Equity | 10/15 | €50,914,752 | €53,680,881 | +€2.8m | +5.4% |
| Contributions | 10/11 | €1,364,000 | €1,364,000 | = | 0.0% |
| Capital | 10 | €1,364,000 | €1,364,000 | = | 0.0% |
| Issued capital | 100 | €1,364,000 | €1,364,000 | = | 0.0% |
| Reserves | 13 | €49,550,752 | €52,316,881 | +€2.8m | +5.6% |
| Non-distributable reserves | 130/1 | €139,226 | €139,226 | = | 0.0% |
| Legal reserve | 130 | €136,400 | €136,400 | = | 0.0% |
| Other | 1319 | €2,826 | €2,826 | = | 0.0% |
| Tax-exempt reserves | 132 | €463,537 | €436,784 | -€26,753 | -5.8% |
| Distributable reserves | 133 | €48,947,990 | €51,740,872 | +€2.8m | +5.7% |
| Provisions and deferred taxes | 16 | €4,034,018 | €4,113,545 | +€79,527 | +2.0% |
| Provisions for liabilities and charges | 160/5 | €3,958,814 | €4,047,259 | +€88,445 | +2.2% |
| Pensions and similar obligations | 160 | €60,229 | €64,817 | +€4,588 | +7.6% |
| Major repairs and maintenance | 162 | €36,000 | €169,025 | +€133,026 | +369.5% |
| Other liabilities and charges | 164/5 | €3,862,585 | €3,813,416 | -€49,169 | -1.3% |
| Deferred taxes | 168 | €75,204 | €66,286 | -€8,917 | -11.9% |
| Amounts payable | 17/49 | €17,105,551 | €15,907,078 | -€1.2m | -7.0% |
| Amounts payable within one year | 42/48 | €16,684,544 | €15,630,461 | -€1.1m | -6.3% |
| Financial debts | 43 | €470,311 | - | -€470,311 | |
| Credit institutions | 430/8 | €470,311 | - | -€470,311 | |
| Trade debts | 44 | €2,984,278 | €2,883,398 | -€100,880 | -3.4% |
| Suppliers | 440/4 | €2,984,278 | €2,883,398 | -€100,880 | -3.4% |
| Taxes, remuneration and social security | 45 | €3,229,955 | €2,747,063 | -€482,892 | -15.0% |
| Taxes | 450/3 | €908,190 | €334,940 | -€573,250 | -63.1% |
| Remuneration and social security | 454/9 | €2,321,765 | €2,412,122 | +€90,357 | +3.9% |
| Other amounts payable | 47/48 | €10,000,000 | €10,000,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €421,008 | €276,617 | -€144,390 | -34.3% |
| Operating income | 70/76A | €204,967,090 | €182,116,806 | -€22.9m | -11.1% |
| Turnover | 70 | €211,567,151 | €181,988,586 | -€29.6m | -14.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€9,038,241 | -€2,367,540 | +€6.7m | +73.8% |
| Other operating income | 74 | €2,352,480 | €2,428,775 | +€76,295 | +3.2% |
| Non-recurring operating income | 76A | €85,700 | €66,986 | -€18,714 | -21.8% |
| Operating charges | 60/66A | €185,203,102 | €164,959,517 | -€20.2m | -10.9% |
| Goods for resale, raw materials and consumables | 60 | €156,578,822 | €138,678,504 | -€17.9m | -11.4% |
| Purchases | 600/8 | €153,073,594 | €137,977,155 | -€15.1m | -9.9% |
| Change in stocks: decrease (increase) | 609 | €3,505,228 | €701,349 | -€2.8m | -80.0% |
| Services and other goods | 61 | €15,503,800 | €13,420,776 | -€2.1m | -13.4% |
| Remuneration, social security and pensions | 62 | €11,406,327 | €11,216,168 | -€190,159 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,232,521 | €1,272,886 | +€40,365 | +3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€113,681 | €88,445 | +€202,126 | |
| Other operating charges | 640/8 | €278,798 | €262,825 | -€15,973 | -5.7% |
| Non-recurring operating charges | 66A | €316,515 | €19,913 | -€296,602 | -93.7% |
| Operating profit (loss) | 9901 | €19,763,988 | €17,157,290 | -€2.6m | -13.2% |
| Financial income | 75/76B | €310,581 | €123,758 | -€186,823 | -60.2% |
| Recurring financial income | 75 | €310,581 | €123,758 | -€186,823 | -60.2% |
| Income from current assets | 751 | €306,481 | €122,498 | -€183,983 | -60.0% |
| Other financial income | 752/9 | €4,100 | €1,260 | -€2,840 | -69.3% |
| Financial charges | 65/66B | €998,460 | €156,109 | -€842,351 | -84.4% |
| Recurring financial charges | 65 | €998,460 | €156,109 | -€842,351 | -84.4% |
| Debt charges | 650 | €900,764 | €79,313 | -€821,450 | -91.2% |
| Other financial charges | 652/9 | €97,696 | €76,796 | -€20,901 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €19,076,109 | €17,124,938 | -€2.0m | -10.2% |
| Transfer from deferred taxes | 780 | €8,075 | €10,033 | +€1,958 | +24.2% |
| Transfer to deferred taxes | 680 | €22,269 | €1,116 | -€21,153 | -95.0% |
| Income taxes | 67/77 | €4,774,239 | €4,367,727 | -€406,513 | -8.5% |
| Taxes | 670/3 | €4,774,239 | €4,367,727 | -€406,513 | -8.5% |
| Profit (loss) for the period | 9904 | €14,287,676 | €12,766,129 | -€1.5m | -10.6% |
| Transfer from tax-exempt reserves | 789 | €24,226 | €30,101 | +€5,874 | +24.2% |
| Transfer to tax-exempt reserves | 689 | €66,806 | €3,348 | -€63,458 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,245,096 | €12,792,882 | -€1.5m | -10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.